Investors' Soapbox PM

Five Chip Names With Fourth-Quarter Risk

MKM Partners sees risk to broadly exposed names including Xilinx.

September 21, 2012

MKM Partners

Investors still seem to be inclined to buy the semiconductor group, driven primarily by nonfundamental factors like liquidity, technical momentum and low volatility, despite what is gradually being recognized as fairly weak fundamentals.

Pricey valuations and the likelihood that broad-based semis will undershoot expectations...